Evaluation of the EI-TAF in the World Bank

29-08-2014

GEUS shall start an evaluation of the World Bank trust fund EI-TAF, which shall ensure that resource-rich countries - and ultimately their citizens - benefit from the exploitation of their extractive resources.

GEUS have jointly with Orbicon A/S been awarded the contract to make an evaluation of the activities from 2009 to 2014 in the World Bank trust fund EI-TAF.

The objective of EI-TAF is to assist resource-rich, developing countries to correctly structure extractive industry (mineral, oil and gas) transactions and related sector policies from the outset, thus reducing the risk of costly or politically difficult remediation at a later stage. The EI-TAF facilitates rapid-response advisory services and capacity building for extractive industry resource policy frameworks and transactions.

The Extractive Industries Technical Advisory Facility (EI-TAF) is a multi-donor trust fund managed by the Oil, Gas and Mining Policy and Operations Division of the World Bank. The EI-TAF facilitates advisory services to resource-rich, developing country governments for capacity building related to extractive industry contract negotiations and associated policy reforms/frameworks.

The expected outcome is to level the playing field between resource-rich, developing countries and resource companies and ensure that the countries - and ultimately their citizens - benefit from the exploitation of their extractive resources.

The evaluation will be initiated 1 September 2014 and the results of the evaluation will be presented to the donor group at the next donor meeting in spring 2015.

GEUS is a research and advisory institution in the Danish Ministry of Energy, Utilities and Climate.The work field of GEUS - geoscientific studies, research, consultancy and geological mapping - primarily covers Denmark and Greenland.

GEUS is partner in Geocenter Denmark. It is a national center of geoscientific research, education, consulting, innovation and publishing at a high international level, within a broad spectrum of geoscientific subject areas.

Geocenter Denmark

GEUS is a member of the EuroGeoSurveys (EGS), the Geological Surveys of Europe.It is a not-for-profit organization representing 37 National Geological Surveys and some regional Surveys in Europe. EuroGeoSurveys’ mission is to provide and share public geological knowledge in Europe.